Loan Comparison: 2.5% vs 6.5%
2813 Pony Club, Colorado Springs, CO 80922 · 3bd/3ba · $565,000
List Price
$565,000
Assumable Rate
2.5%
Remaining Balance
$482,613
Equity Gap
$82,387
Loan Type
VAAdjust Your Scenario
$28,250
$28,250$82,387
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.5% (VA)
Blended Rate: 3.11%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 2.5% + gap loan
$2,323/moAssumed loan: $1,907/mo
Gap financing: $416/mo
$1,069less per month with the assumable
Your Savings on This Property
2813 Pony Club, Colorado Springs · 2.5% VA vs 6.5% conventional
$1,069
per month
$12,833
per year
$385,003
over 30 years
$385,003
interest saved
How gap financing works: The equity gap ($82,387) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($54,137 at 8.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
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